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The German internet company Rocket Internet took an initial step into Pakistan's e-commerce sector with the establishment of Daraz.pk in July 2012. [19] Following a positive reception in Pakistan with its first e-commerce venture, Rocket Internet expanded its operations in Pakistan to over 30 active websites in 2015, the widest known being Kaymu.pk, Foodpanda.pk and Daraz.pk. [20] In a recent ...
The market, valued at USD 6.5 billion in 2022, is projected to grow at a 17% CAGR, with major players including Daraz, AjkerDeal, Chaldal, Evaly and Pickaboo. [ 15 ] E-commerce by sector
During his tenure, TCS introduced two new business lines: TCS Hazir, a one-hour delivery service, and Yayvo, an e-commerce platform aimed to compete with Daraz.pk. [1] He also negotiated with lenders to remove personal guarantees from company loans and utilized TCS's relatively low existing debt to fund these new ventures and higher operational ...
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In October 2005, Alibaba Group formed a strategic partnership with Yahoo! and acquired Yahoo! China, a Chinese portal previously launched on 24 September 1999 that focuses on Internet services like news, email, and search. [170] In April 2013, Alibaba Group announced that, as part of the agreement to buy back the Yahoo!